scholarly journals Bank panics and scale economies

2017 ◽  
Vol 2017 (009) ◽  
Author(s):  
David Andolfatto ◽  
◽  
Ed Nosal
Keyword(s):  
Scale Economies ◽  
Bank Panics

Bank Panics in Transition Economies

2002 ◽  
Author(s):  
Juha-Pekka Niinimmki
Keyword(s):  
Transition Economies ◽  
Bank Panics

Scale Economies in the Money Market

2019 ◽  
Author(s):  
Su Li ◽  
David K. Musto
Keyword(s):  
Scale Economies ◽  
Money Market

A Microstate with Scale Economies: The Case of Iceland

2003 ◽  
Author(s):  
Tryggvi Thor Herbertsson ◽  
Gylfi Zoega
Keyword(s):  
Scale Economies

Industry Specialization by Auditors

1999 ◽  
Vol 18 (1) ◽  
pp. 1-17 ◽  
Author(s):  
Chris E. Hogan ◽  
Debra C. Jeter
Keyword(s):  
High Risk ◽  
Market Share ◽  
Scale Economies ◽  
The Other ◽  
Industry Specialization ◽  
Audit Market ◽  
Audit Firms ◽  
Regulated Industries ◽  
Concentration Levels ◽  
Over Time

Dramatic changes in recent years in the audit market suggest the timeliness of an investigation of trends in auditor concentration and an extension of prior research (e.g., Danos and Eichenseher 1982). In recent press, large audit firms have claimed that specialization is a goal of increasing importance. Peat Marwick, for example, has restructured along industry lines, claiming to be recruiting professionals for national teams of multidisciplinary experts organized to “focus on the same industry to serve clients optimally.” On the other hand, litigation concerns might prompt auditors to diversify their risks by diversifying their clientele. In this study, we examine trends in industry specialization from 1976 to 1993 and the industry factors which may affect specialization; whether market share increases are greater for audit firms classified as specialists; and whether the nation's largest audit firms have increased their market share in the industries which they have identified as their focus industries. We find evidence that concentration levels have increased over this period, consistent with the claims of the large audit firms. We find that auditor concentration levels are higher in regulated industries, in more concentrated industries and in industries experiencing rapid growth, but lower in industries with a high risk of litigation. Levels of concentration have increased over time in nonregulated industries providing evidence that scale economies or superior efficiencies of heavy-involvement auditors are not limited to regulated industries but extend to nonregulated industries as well. We also find that for the audit firms classified as market leaders at the beginning of the year, market share has increased over time, whereas market share has declined for firms with a smaller share at the beginning of the year. This suggests that there are returns to investing in specialization.

Estimation of Scale Economies Underlying Growth and Productivity: The Empirical Implications of Data Aggregation

1999 ◽  
Vol 65 (4) ◽  
pp. 739-756
Author(s):  
Catherine J. Morrison Paul ◽  
Donald Siegel
Keyword(s):  
Data Aggregation ◽  
Scale Economies ◽  
Empirical Implications

A Note on Capacity Utilization and Measurement of Scale Economies

1991 ◽  
Vol 9 (1) ◽  
pp. 119 ◽  
Author(s):  
Tae H. Oum ◽  
Michael W. Tretheway ◽  
Yimin Zhang
Keyword(s):  
Capacity Utilization ◽  
Scale Economies

Productivity, Scale Economies and Technical Change: Reconsidered

1988 ◽  
Vol 54 (3) ◽  
pp. 715 ◽  
Author(s):  
Scott J. Callan
Keyword(s):  
Technical Change ◽  
Scale Economies

Gaming in Spatial Expansion Tracks: The Case of the Swedish Brewery Industry

1992 ◽  
Vol 24 (7) ◽  
pp. 1021-1037 ◽  
Author(s):  
S Finne ◽  
R Laulajainen
Keyword(s):  
Nash Equilibrium ◽  
Population Distribution ◽  
Scale Economies ◽  
Spatial Expansion ◽  
Spatial Strategies ◽  
Market Shares ◽  
Production And Distribution ◽  
Physical Barriers ◽  
Simple Indicator

Two competitors try to maximize their respective market shares by acquiring smaller, passive companies. The heavy logistics bill and inherent scale economies in production recommend contagious expansion. This process is channeled by physical barriers and population distribution. Rationalization of production and distribution is postponed. The historical example is derived from the Swedish brewery industry. It may be seen as a game with a set of rules and some probabilistic parameters. The game is played thirty-seven times, by two persons at a time. The results span a spectrum of spatial strategies, dominated by three main types, one of which corresponds to the historical outcome. To get a firmer hold of ‘good’ strategies, the probabilistic elements are replaced by a simple indicator, the territory is abstracted into a network, and the decisionmaking sequence is analyzed deductively. The same three main types of strategy reemerge. One of them is tentatively considered to be a Nash equilibrium.

scholarly journals Scale economies in the health sector: The effect of hospital volume on health gains from hip replacement surgery

2021 ◽  
Vol 190 ◽  
pp. 704-729
Author(s):  
Laurie Rachet-Jacquet ◽  
Nils Gutacker ◽  
Luigi Siciliani
Keyword(s):  
Hip Replacement ◽  
Hospital Volume ◽  
Health Sector ◽  
Scale Economies ◽  
Replacement Surgery ◽  
Hip Replacement Surgery ◽  
Health Gains
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